TPG SELLS DEBENHAMS STAKE

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US private equity firm TPG has sold its remaining nine per cent stake in Debenhams for around &pound;100m. The retailer, which is headed by chief executive Rob Templeman (pictured), also saw its other private equity investor CVC Capital sell down the majority of its stake back in June. The disposal of TPG&rsquo;s stake leaves the way open for a potential bidder.